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& johnson, one of my fifes. smirk, my favorite company, peanut butter. both would have been substantially higher and i wanted to buy the oils and stick around, i'll tell you which ones are the best values and these are the kind of sweaters worth pouncing on before someone else nabs them up. right now the market is truly confused and confusion is a negative for stocks. i suspect there will be more markdowns. nevertheless, the sweaters will be moved eventually. hey, maybe you'll start buying one tomorrow. john in california. >> hi, jim. how are you today? >> i don't know. i got bit by a spider. it's killing me. what's up? >> i tried to call you four and a half months ago on the airline industry and i wanted to thank you for the us air pub, when i told you how high do you think they could go? >> now that this deal is done, this stock has now sold off more than 10% from its high. a lot of this is because oil started bouncing again, but when we've seen these big deals occur these stocks have a second year better than
& johnson, one of my fifes. smirk, my favorite company, peanut butter. both would have been substantially higher and i wanted to buy the oils and stick around, i'll tell you which ones are the best values and these are the kind of sweaters worth pouncing on before someone else nabs them up. right now the market is truly confused and confusion is a negative for stocks. i suspect there will be more markdowns. nevertheless, the sweaters will be moved eventually. hey, maybe you'll start buying...
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Dec 4, 2013
12/13
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in usual, three days, even in johnson again, still not a long-term trend that we're seeing. express is the first company to come out and reflect on what all of us have been talking about what happened on thanksgiving. not only did they lower their full year earningsout look, they specifically cited the fact they had to discount so much. right now we've got a double whammy going on here. sales were below planned for express and the margins are due to discount. the good news, traffic was up, but mobile sales were flat to down. that's the story. express is reflecting that. let me talk about jcpenney. there is a lot less to meet the eye. david, if i remember, you made a very good comment about this. the company said 10% was really good and it certainly is better, double-digit gains are better than nothing but a lot of analyst himself 10% to 20% estimates for same-store sales in november. it wasn't like they blew the doors off. they just had a decent number. stern mcgee wassestmating their same-store sales were down 20%. that was sandy and they're very much around in this particu
in usual, three days, even in johnson again, still not a long-term trend that we're seeing. express is the first company to come out and reflect on what all of us have been talking about what happened on thanksgiving. not only did they lower their full year earningsout look, they specifically cited the fact they had to discount so much. right now we've got a double whammy going on here. sales were below planned for express and the margins are due to discount. the good news, traffic was up, but...
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Dec 4, 2013
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chief johnson from asset management. lou, three days in a row of down days. it is making people start to wonder, have we seem is gains for a year? >> we have had a santa claus rally all this week. the market does have to trade even though the fed is there debting our fact. i do think the interesting factor is the fed and, you know, after we get the unemployment report on friday, depending on where that unemployment rate is, the fed may be able to say to themselves, if not publicly wrb that the cumulative improvement in the labor market since they began the qe back in september is 2012 is enough for that part of the equation. but they also have to figure is it going to continue? and that's something that they have to guess at. so will they be willing to guess and make a move in december if the unemployment rate falls to 7.1% or 7%? i think it went up last month. that was affected by the government shutdown. as opposed to the nonfarm payrolls which were not affected by the government shutdown. so, you know, i think that extra factor, will the fed begin to taper
chief johnson from asset management. lou, three days in a row of down days. it is making people start to wonder, have we seem is gains for a year? >> we have had a santa claus rally all this week. the market does have to trade even though the fed is there debting our fact. i do think the interesting factor is the fed and, you know, after we get the unemployment report on friday, depending on where that unemployment rate is, the fed may be able to say to themselves, if not publicly wrb...